Surprising Coverage Renters Insurance Provides

Posted on: January 30, 2017 By: Risk Management Blogging Team
Surprising Coverage Renters Insurance Provides

Renters insurance is something that many renters believe is not necessary for their home, but that may be because they are unaware of the scope of renters insurance.

For many Americans, the American dream is to own a nice home in the suburbs with a picket fence, golden Labrador, and quirky mailbox out front. Due to the terrible wealth distribution in America, that dream has been put on hold. 35 percent of Americans who rent are not prepared to purchase a home, but that does not mean you should go without insurance. Here are a few surprising things that renters insurance covers that you may not have known.

  1. Personal Property (No Matter the Location)
    Let’s say someone stole your computer while you were on vacation. Have no fear, as many renters policies cover personal property no matter your location. You may have to prove that you owned it by saving a receipt and pictures.
  2. Bodily Injury of Another
    You and your friends are hanging out at your place watching the game. Your favorite team scores at the end, and one of your friends gets a little too excited and trips on your ottoman and fractures their ankle. Your renters insurance will take care of the medical expenses.
  3. Things in Your Car
    If the personal items in your car, like sunglasses or shoes, get damaged or stolen, your renters insurance policy will cover you. Even if you are parked at home during the time of the loss.
  4. Your Things While You’re on Campus
    If your parents have renters (or homeowners) insurance, your college dorm things are covered under the renters insurance policy.

Renters insurance is not something that you should shrug off when asked if you are interested in purchasing. For help acquiring the right renters insurance, contact the independent insurance professionals at Risk Management LLC in Brookfield, Wisconsin.

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